According to IIA guidance which of the following represents sufficient information?

The correct answer is A. Information that is factual adequate and convincing. According to the IIA guidance, sufficient information is defined as information that is factual, adequate, and convincing. This means that the information gathered during an audit must be based on verifiable facts, must be enough to form a reasonable conclusion, and must be…

Conducting Internal Audit Engagements

Question

Options

AInformation that is factual adequate and convincing
BInformation that is best attainable through the use of appropriate engagement techniques
CInformation that supports engagement objectives and recommendations
DInformation that helps the organization meet its goals

How the community answered

(39 responses)

A
90% (35)
B
3% (1)
D
8% (3)

Explanation

According to the IIA guidance, sufficient information is defined as information that is factual, adequate, and convincing. This means that the information gathered during an audit must be based on verifiable facts, must be enough to form a reasonable conclusion, and must be persuasive enough to support the audit findings and recommendations. Ensuring information meets these criteria is essential for the credibility and reliability of the audit process.

Topics

#sufficient information#evidence quality#IIA standards#engagement criteria

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